LinkedIn shares crashed more than 20% on weak guidance

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LinkedIn just released its earnings and the stock was down as much as ~27% after hours on weak guidance. They finally settled down around 21%.

Revenue for the first quarter was $638 million, which beat expectations and was an increase of 35% year-over-year.

Non-GAAP EPS was $0.57, which was in line with expectations

LinkedIn revenue guidance for Q2 was between $670 million and $675 million. It expects non-GAAP EPS of $0.28

On average, analysts had expected revenue of $717.5 million and EPS of $0.74. That much weaker-than-expected outlook sent the stock plunging.

Earlier this month, LinkedIn acquired online learning company Lynda.com for $1.5 billion. The company said it expects to add approximately $20 to $25 million in revenue for the full year and approximately $3 million for the second quarter as a result of the acquisition.